Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According to a Tuesday report from the Financial Times, Mashinsky personally directed individual trades and overruled financial experts in an effort to protect Celsius from anticipated declines in the crypto market. The…
In June, Singapore-based crypto exchange Crypto.com laid off 260 employees, or 5% of its workforce, citing the crypto bear market. Remaining employees were reportedly told at the time that those cuts were the end of the bloodletting. “They lied,” a source inside Crypto.com now tells Decrypt. On a quarterly “all hands” call last Friday, the company informed employees of additional…
The Houston Texans have picked an official bitcoin wallet service provider. BitWallet functions as both a wallet and exchange for businesses and individuals.Fans of the NFL team can now purchase single game suites with bitcoin. The Houston Texans NFL team has partnered with BitWallet to become the team’s official digital currency wallet, per a press release. Fans of the NFL…
This is an opinion editorial by Hermann Vivier, co-founder of The Surfer Kids and Bitcoin Ekasi. On Aug. 5 2021, Joey Olden and Luthando Ndabambi walked into JCC Camp, a township on the outskirts of Mossel Bay, South Africa. They had a mission: find a township corner store willing to sell them something for bitcoin. Their eventual success later that…
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range. The price action coincided with worsening conditions for tech stocks, including Chinese giant Tencent, which…
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration of president Gustavo Petro earlier this month. The idea behind this would…
As Ethereum’s much-anticipated move to proof of stake finally approaches, crypto exchanges are weighing whether or not to support a growing effort to resist the transition. Today, another exchange has decided the move may be worth it. Singapore-based cryptocurrency exchange Bitrue today announced that it will support a token linked to ETHW—the proof-of-work version of Ethereum that “merge resistors” will…
Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks atop a common resistance level…
Dogecoin (DOGE) has resumed its inch towards the moon, one rally at a time. The popular memecoin climbed another 15.81% on Tuesday, adding to substantial gains made over the weekend. Trading for the coin has since cooled, but DOGE is still up over 9% on the day. In the last week, DOGE is up a whopping 22%, to $.084 at…
According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China has announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China’s Sichuan province, will be able to enroll their children in after-school or extracurricular lessons using…
